Investments

Analysts are starting to believe Uber has bottomed and is headed for a big 2020

Analysts are starting to believe Uber has bottomed and is headed for a big 2020

Shares of Uber have plunged more than 30% since the ride-hailing company went public in May, but some analysts believe that 2020 is going to be a different story entirely.

Stifel upgraded Uber to a buy rating on Friday, saying the stock is "turning the corner," while SunTrust analysts said it's their "favorite transportation disruptor of 2020." SunTrust believes there's 90% upside ahead for the stock.

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